FCA director Nick Poyntz-Wright exits

FCA interior 620x430

FCA director of long-term savings and pensions Nick Poyntz-Wright has left the regulator, Money Marketing can reveal.

As part of his remit, Poyntz-Wright oversaw the supervision of financial advisers. This has now been passed to Linda Woodall, who the FCA announced earlier today has been appointed director of life insurance and advice.

An FCA spokeswoman confirmed Poyntz-Wright has left the regulator to take up another role.

Poyntz-Wright has been at the regulator since 2011. Prior to that, he was chief executive of Skandia UK, now Old Mutual Wealth, for six years.

In December it was revealed that Poyntz-Wright gave the ill-fated media briefing that sent insurer share prices tumbling in March 2014.

It was previously understood that former FCA head of supervision Clive Adamson had given the briefing to the Daily Telegraph about the regulator’s review of closed book policies, as the quotes were in his name.

Adamson resigned from his role in December ahead of the publication of an inquiry into the FCA’s handling of the announcement.